FOREXEL
Short

SGDJPY

FX:SGDJPY   None
67 1 7
Coming week is Yen week for me. The Price Movement Range on any Yen pair is awesome and offers good numbers of pips to be made across. It is however a bit tricky to trade Yen pairs across various sessions. What ever price action that may start on the Asian session can rapidly change on the European session and on the US session.

Another risk to consider is that normally one can just trade the Yen based upon the Nikkei (Nikkei up means weak Yen and vice versa) But lately one can see how the volatility increase have affected the Yen and makes it a bit more jumpy. When checking various Yen pairs one can easily spot choppy daily, 240 and 60 min charts.

This one is however starting to look over valued on the daily chart and also have a bearish divergence on the weekly chart. It is a choppy chart on the 60 min as well but the best indicator there is the 100 MA which may present the best entry level to go short. Just keep an eye on Nikkei and be flexible and you can make tons on pips on the Yen.

Happy trading

Successful trade / 165 pips on this one alone this week
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